NEW YORK–ICE Futures U.S. cotton a resumed a technical uptrend Monday with fundamental and equities support.
Most-active December cotton settled up 96 points at 62.90 cents a pound, and the nearby October contract settled 90 points higher at 61.50.
In early dealings, cotton shrugged off weakness from Friday’s price drop as commercial traders bought futures to hedge [...]
NEW YORK–Wide-scale selling amid technical cues and forecasts for favorable weather hit ICE U.S. Futures cotton hard Friday as the market reversed from a six-week high.
Most-active December cotton settled 287 points lower at 61.94 cents a pound, just short of an exchange-imposed daily trading limit, and the nearby October contract ended down 246 points [...]
NEW YORK–Support from bullish economic indicators and weather concerns boosted ICE Futures U.S. cotton to fresh one-month highs Thursday.
Most-active December cotton settled up 66 at 64.18 cents a pound, off of the 64.21 high, and the nearby Oct contract settled 54 higher at 62.66.
Cotton traded sideways to higher for most of the session amid buying [...]
NEW YORK (Dow Jones)–Buying from speculative funds pushed ICE Futures U.S. cotton to fresh one-month highs Tuesday amid strong technical chart patterns and supportive outside market conditions.
Most-active December cotton settled up 81 at 63.02 cents a pound, off of the 63.64 high and the nearby October contract settled 96 higher at 61.42.
Cotton opened higher and [...]
NEW YORk–ICE Futures U.S. cotton rose modestly Friday on short covering as traders bought back previously sold positions, an analyst said. A slumping U.S. dollar and a rallying U.S. stock market also helped support cotton futures somewhat, he said.
Most-active December cotton settled up 39 points at 59.63 cents a pound. Nearby October contract settled 38 [...]
PAKISTAN is going to miss its cotton target for the fifth consecutive year this season. Islamabad has revised its production estimate from 13.2 million bales to 12 million. However, the official forecast is higher than the estimate of the Pakistan Cotton Ginning Association (PCGA) which has put the figure lower, at 11.7 million bales.
Though the [...]
NEW YORK–Speculative liquidation in tandem with outside commodities and equities pressured ICE Futures U.S. cotton Tuesday.
Most-active December cotton settled down 139 points at 58.35 cents a pound and the nearby October contract also settled 139 lower at 56.37.
Cotton eased in light trade in early dealings, but jumped to resistance levels mid-session where speculative funds, which [...]
NEW YORK–Late commercial buying lifted ICE Futures U.S. cotton Monday in otherwise listless trade guided by outside markets.
Most-active December cotton settled up 140 points at 59.74 cents a pound and the nearby October contract settled 146 points higher at 57.76 cents.
Cotton eased in early dealings as outside markets were weaker. Speculators took profits as is [...]
Cotton futures recovered from some of their recent weakness Friday largely on a technical bounce after a two-week sell-off, with traders who had previously sold the commodity buying in order to offset their positions and book profits.
Most-active December cotton rose 70 points to settle at 58.34 cents a pound on ICE Futures U.S., while nearby [...]
ICE Futures U.S. cotton posted gains in a late bounce from nearly two-month lows Thursday as outside pressure eased.
Most-active December cotton settled up 17 points at 57.64 cents a pound and the nearby October contract also settled 17 points higher at 55.54.
Cotton hung below unchanged in early dealings, and pushed up to 57.76 basis December [...]
